The relationship between board diversity and firm performance in the lodging industry: The moderating role of internationalization |
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| Affiliation: | 1. Department of Economics, Norwegian University of Science and Technology, Dragvoll N-7491 Trondheim, Norway;2. Department of Economics, Econometrics, and Finance, Faculty of Economics and Business, University of Groningen, The Netherlands;1. School of Management, Swansea University, United Kingdom;2. Management School, University of Sheffield, United Kingdom;1. University of Liverpool, Management School, United Kingdom;2. Universidad Autónoma de San Luis Potosí, Facultad de Contaduría y Administración, Mexico |
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| Abstract: | Following the emphasis on board diversity and its roles on firm performance, an examination on the relationship between board diversity and firm performance in the lodging industry is conducted. Further, this study employs internationalization, a moderator, to more comprehensively investigate the board diversity-firm performance relationship. This study found that gender diversity shows a positive and significant effect on firm performance while age diversity has an insignificant effect on firm performance. Regarding the moderating effect of internationalization, the degree of internationalization significantly magnifies the effect of gender diversity on firm performance but insignificantly moderates the effect of age diversity on firm performance. This study attempts to contribute to the hospitality and tourism literature by examining the topic that has been rarely dealt with and provide practical guidelines for stakeholders of a lodging firm especially when selecting board members. |
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| Keywords: | Internationalization Firm performance Board diversity Gender diversity Age diversity |
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